An important message from Snapnames

[mvl]

... BIG letters ...

Geeez, are you typing for the blind? You don't have to yell like that, it is hurting my eyes.

 

[demaxxus]

if you search dnforum for "halvarez" the oldest thread, is well... one of mine

i suspected this from day one...............

sucks it actually was true

And? A lot of people in this thread suspected it years ago, and they didn't feel the need to annoy everyone with a pointless, huge-fonted post that's basically an, "I told you so".

 

[Fearless]

if you search dnforum for "halvarez" the oldest thread, is well... one of mine

i suspected this from day one...............

sucks it actually was true

http://www.dnforum.com/f31/whose-parking-page-2-thread-101294.html

I didn't see any hint of you suspecting anything. You did seem to admire Halvarez. :yes:

 

[Theo]

huge-fonted post that's basically an, "I told you so".

Huge font size is a compensation for lacking in other areas.

 

[mike031]

greg, the scope of the entire operation back in the day was very interesting and sure... you can call it "admirable"

the guy had everybody fooled, pocketed millions for himself and whoever else was involved... sold off snapnames for 25 - 35 mil $$

amazing !

>>>

It just sucks that the most loyal customers who spent the most $$$ with em got screwed out of all of this deals which we should of had, but didn't because an insider was fighting for those names and where he let some go for whatever reason, we ended up overpaying exponentially.

This is, my friends, why I quit domaining in 2005. I had a good run from 2004 which lasted for a lil over a year, but this shit got old fast... Very dirty business.

Look at this as an example from one of our auctions back in 2005

Affected Auctions Won By XXXXXXXXXX

Auction End Date Domain Name Winning Bid Rebate Amount

.........
6/13/2005 spanking-series.net $550.00 $455.00
6/13/2005 fleshlight-adult-sex-toystore-sextoy-novelty.com $800.00 $739.00
6/26/2005 babestars.com $775.00 $546.00

...and we never used no scripts, always manually bid up domains, one by one.... to minimums, same for my partners, throughout the years in 10,000s of auctions

We've been examining the bidding patterns by halvarez and it wasn't just a script / bot... There was a lot more to it.

Also, a lot more went behind the scenes which will be revealed... What we know right now is not even the half of it.

All of this really sucks and a huge blow :sigh2::sigh2::sigh2:

 

[Theo]

So since 2005 you've been trying to polish your skills of "mass development" eh Mike?
Also, isn't referring to oneself as "we" a form of schizophrenia ?

 

[mike031]

So since 2005 you've been trying to polish your skills of "mass development" eh Mike?
Also, isn't referring to oneself as "we" a form of schizophrenia ?

1) been mass developing way before got involved with domains, just for the record... get it thru ur head

2) unlike imaginary friends and such, with ur domaingang.com, i have actual business partners and investors in most of my companies... not something u would know anything about, because in order to have those u gotta have a successful and profitable operation

 

[Theo]

Give it a rest, Mike. If what you do is called "development", you need to have your head examined.

Thanks for the DomainGang plug; 96,000 Alexa in 5 weeks. Original content. All written by me and another person. Jealous much?

Go back to your imaginary success. The halvarez bandwagon left a while ago.

 

[Gerry]

if

...lets all stroke your ego...

 

[mike031]

...and by the way, the NEW CITY address halvarez used since day one is 10 mins from where I had an actual office in NEW CITY and still have it.... i did investigate further and it was all fake and extremely suspicious since day one, but what else is new, that is what the domain biz is all about = dirty dirty

as rick schwartz wrote earlier in his last post..... the effects of what halvarez did and consequences to come for the industry and domain valuations as a whole are too much to comprehend in such a little time

this is going to get very UGLY

 

[rentdn]

Mike and Acro , it seems that you guys simply can't ignore each other almost in every thread . May I ask why or can you refer to original thread :lol:

 

[Fearless]

Somewhere in this forum or another domain name forum there is a first post where someone definitively posted Havarez = Snapnames. That person deserves a pat on the back.

This is Nelson's out of office email reply that lines up with his voicemail message. Sounds like Oversee waited until Nelson was on vacation before they canned him. Maybe to prevent him from destroying evidence. Nelson could be on a beach in the Bahamas, soaking up the sun, oblivious to all this turmoil.


I will be out of the office and unavailable until November 9th. If you have an emergency auction problem contact Jeremy Caines jeremyc(at)snapnames.com
For all other problems contact support(at)snapnames.com

 

[katherine]

but what else is new, that is what the domain biz is all about = dirty dirty

Of course, in the offline world there is no corruption, fraud and insider trading in banking and finance

 

[Gerry]

to compare the impact of this event with others in commerce, think insider trading...valuations manipulated to bring in more money into the venture.

This is something Oversee is going to have to deal with. The market and valuations were manipulated/inflated to entice a buyer.

Oversee would have paid a falsely inflated price for SnapNames. So not only are they starting out with negative equity, the aftermath of this event will be (not could) costly in terms of lost revenue.

Whether the final opinion of monies owed is done by either internal or external discovery, the cost will most likely be in the millions.

Snap is simply a service that represents or holds very little true assets. Basically, a service that would ultimately have to rely on Oversee's other ventures to bail this Snap mess out of the hole.

It is going to be damn difficult to keep this service viable and liquid. If a business's sole income is based on the service it provides, when those services are interrupted by either internal or external means, that service will have to fight for survival.

After paying $65 million for Moniker and $25 million for SnapNames, just how deep are the pockets of Oversee dot net?

Truly a case of having to rob Peter to pay Paul.

 

[Theo]

Truly a case of having to rob Peter to pay Paul.

There are no saints in domaining

 

[Bill Roy]

For Oversee to let SnapName go bankrupt would be the end of Oversee - would you feel quite so safe registering at Moniker for example if you knew the parent company would just let it as a daughter company fold if it got into trouble?

Oversee are fighting not for just the survival of SnapNames but for the whole group of companies. If they (Oversee) are innocent in this matter then they need to find out who did not carry out 'due diligence' for them in agreeing the price and acquiring SnapNames.

At this very moment hundreds of domainers are pouring over records in disbelief that any company could be so gullible. A rough guess at the moment is that using the RUST formulae (and I think that is already out the window) the settlement to domainers would be in the $x,xxx,xxx's. This figure is likely to increase as the domaining industry calculates the true losses incurred, it will definately, IMHO, reach easily into the $xx,xxx,xxx's. Would it be worth it Oversee? We shall wait and see. But my guess is it HAS to be worth it to them or they will end up with nothing.

 

[mike031]

so anyways...

what does anybody know about dnf user trickjohn --- John Doucet and http://activeideas.com/ ??

trickjohn seems to be from ny

activeideas is in ct

at one point in time some of halvarez' names were hosted on ns1.trickjohn.com

....yet another clue

get to it ppl... there is a lot to be uncovered

 

[DomainsInc]

For Oversee to let SnapName go bankrupt would be the end of Oversee - would you feel quite so safe registering at Moniker for example if you knew the parent company would just let it as a daughter company fold if it got into trouble?

Oversee are fighting not for just the survival of SnapNames but for the whole group of companies. If they (Oversee) are innocent in this matter then they need to find out who did not carry out 'due diligence' for them in agreeing the price and acquiring SnapNames.

At this very moment hundreds of domainers are pouring over records in disbelief that any company could be so gullible. A rough guess at the moment is that using the RUST formulae (and I think that is already out the window) the settlement to domainers would be in the $x,xxx,xxx's. This figure is likely to increase as the domaining industry calculates the true losses incurred, it will definately, IMHO, reach easily into the $xx,xxx,xxx's. Would it be worth it Oversee? We shall wait and see. But my guess is it HAS to be worth it to them or they will end up with nothing.

the majority of quality dropping domains are still being caught by snapnames. it doesn't seem like anyone is slowing down in terms of backordering.

 

[mike031]

a few more names worth checking out which may or may not be connected as i am connecting the dots......

Jason Peterson / neomaven

Sean Wagner >>> http://www.leadleader.com Infinite Marketing Solutions, Inc

 

[Fearless]

The more information Oversee can push out to us about this ordeal, the quicker it will die down. If they just trickle or unintentionally leak the information slowly, this bad press PR problem could stretch out for months.